Booz Allen Hamilton Holding Corporation $BAH Shares Purchased by Bank of America Corp DE

Key Points

• Bank of America increased its Booz Allen Hamilton stake by 2.6% in the first quarter, adding 28,462 shares to hold 1.12 million shares valued at approximately $87.2 million. Institutional investors collectively own 91.82% of the company.
• Analyst sentiment remains cautious: Booz Allen has a consensus rating of “Reduce” and an average price target of $84.08, with several firms recently lowering targets and maintaining hold, neutral, or underweight ratings.
• The stock opened at $75.92, while the company reported quarterly EPS of $1.81, exceeding estimates of $1.49, despite revenue falling 4.2% year over year. Booz Allen also announced a quarterly dividend of $0.59 per share, representing a 3.1% annualized yield.

Bank of America Corp DE raised its holdings in shares of Booz Allen Hamilton Holding Corporation (NYSE:BAH - Free Report) by 2.6% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,117,280 shares of the business services provider's stock after acquiring an additional 28,462 shares during the period. Bank of America Corp DE owned approximately 0.93% of Booz Allen Hamilton worth $87,181,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the business. Johnson Financial Group Inc. lifted its stake in shares of Booz Allen Hamilton by 26.1% in the 3rd quarter. Johnson Financial Group Inc. now owns 600 shares of the business services provider's stock worth $60,000 after acquiring an additional 124 shares during the period. Campbell & CO Investment Adviser LLC boosted its holdings in shares of Booz Allen Hamilton by 2.8% in the fourth quarter. Campbell & CO Investment Adviser LLC now owns 4,916 shares of the business services provider's stock valued at $415,000 after acquiring an additional 133 shares in the last quarter. Activest Wealth Management increased its stake in shares of Booz Allen Hamilton by 141.3% during the fourth quarter. Activest Wealth Management now owns 304 shares of the business services provider's stock valued at $26,000 after acquiring an additional 178 shares during the period. Arkadios Wealth Advisors increased its stake in shares of Booz Allen Hamilton by 7.3% during the fourth quarter. Arkadios Wealth Advisors now owns 2,646 shares of the business services provider's stock valued at $223,000 after acquiring an additional 179 shares during the period. Finally, Cresset Asset Management LLC raised its holdings in Booz Allen Hamilton by 6.2% during the second quarter. Cresset Asset Management LLC now owns 3,257 shares of the business services provider's stock worth $339,000 after purchasing an additional 191 shares in the last quarter. Institutional investors and hedge funds own 91.82% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on BAH shares. Stifel Nicolaus set a $110.00 target price on Booz Allen Hamilton and gave the stock a "buy" rating in a research report on Tuesday, May 26th. Truist Financial lowered their price target on Booz Allen Hamilton from $85.00 to $70.00 and set a "hold" rating on the stock in a research report on Friday, July 10th. TD Cowen dropped their price objective on Booz Allen Hamilton from $85.00 to $70.00 and set a "hold" rating on the stock in a research note on Tuesday, July 7th. JPMorgan Chase & Co. cut their price objective on Booz Allen Hamilton from $97.00 to $85.00 and set an "underweight" rating for the company in a report on Tuesday, May 26th. Finally, Citigroup decreased their target price on Booz Allen Hamilton from $88.00 to $69.00 and set a "neutral" rating for the company in a research note on Wednesday, July 1st. Three equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and four have given a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Reduce" and a consensus target price of $84.08.

Booz Allen Hamilton Stock Up 2.7%

NYSE BAH opened at $75.92 on Friday. Booz Allen Hamilton Holding Corporation has a 12 month low of $59.50 and a 12 month high of $112.22. The company has a market capitalization of $9.13 billion, a P/E ratio of 11.94, a PEG ratio of 3.95 and a beta of 0.34. The company's 50 day simple moving average is $69.08 and its 200 day simple moving average is $76.72. The company has a debt-to-equity ratio of 3.26, a current ratio of 1.60 and a quick ratio of 1.59.

Booz Allen Hamilton (NYSE:BAH - Get Free Report) last issued its earnings results on Friday, July 24th. The business services provider reported $1.81 earnings per share for the quarter, topping analysts' consensus estimates of $1.49 by $0.32. The firm had revenue of $1.97 billion during the quarter, compared to analysts' expectations of $2.81 billion. Booz Allen Hamilton had a net margin of 7.01% and a return on equity of 76.71%. The firm's revenue for the quarter was down 4.2% compared to the same quarter last year. During the same period last year, the firm posted $1.48 earnings per share. Booz Allen Hamilton has set its FY 2027 guidance at 6.000-6.35 EPS. Equities research analysts expect that Booz Allen Hamilton Holding Corporation will post 6.3 earnings per share for the current fiscal year.

Booz Allen Hamilton Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 28th. Stockholders of record on Friday, August 14th will be paid a dividend of $0.59 per share. The ex-dividend date of this dividend is Friday, August 14th. This represents a $2.36 annualized dividend and a dividend yield of 3.1%. Booz Allen Hamilton's dividend payout ratio (DPR) is currently 37.11%.

Booz Allen Hamilton Profile

Booz Allen Hamilton Holding Corporation is a publicly traded management and technology consulting firm headquartered in McLean, Virginia. The company provides a wide range of professional services and solutions in strategy, analytics, digital transformation, engineering and cyber security. Its expertise spans from supporting federal civilian agencies to defense, intelligence and homeland security organizations, as well as select commercial industries.

Key offerings include data analytics and artificial intelligence applications, software development and modernization, systems integration, and cyber risk management.

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